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    5875 Lincoln Ave Chicago, IL 60659

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    For Lease
    Contact for pricing

    Chicago Office Space: 47 Suites Available

    Lot size:
    30,000 SF

    Property Features for 5875 Lincoln Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Class
    C
    Total Rate
    20000

    Spaces For Lease

    at 5875 Lincoln Ave, Chicago, IL 60659 Contact us
    Unit 243

    $16 /Mo

    Size
    366 SF
    Contact us
    Unit LL-61

    $18 /Mo

    Size
    117 SF
    Contact us
    Unit LL-43

    $18 /Mo

    Size
    115 SF
    Contact us
    Unit 222

    $14 /Mo

    Size
    374 SF
    Contact us
    Unit LL-44

    $18 /Mo

    Size
    115 SF
    Contact us
    Unit LL-45

    $8 /Mo

    Size
    109 SF
    Contact us
    Unit 249

    $16 /Mo

    Size
    366 SF
    Contact us
    Unit LL-27

    $18 /Mo

    Size
    134 SF
    Contact us
    Unit 251

    $16 /Mo

    Size
    385 SF
    Contact us
    Unit 140

    $16 /Mo

    Size
    733 SF
    Contact us
    Unit LL-53/54

    $18 /Mo

    Size
    228 SF
    Contact us
    Unit 244

    $16 /Mo

    Size
    839 SF
    Contact us
    Unit 142

    $16 /Mo

    Size
    377 SF
    Contact us
    Unit 129

    $16 /Mo

    Size
    187 SF
    Contact us
    Unit 141

    $15 /Mo

    Size
    371 SF
    Contact us
    Unit LL-52

    $18 /Mo

    Size
    115 SF
    Contact us
    Unit 220

    $14 /Mo

    Size
    364 SF
    Contact us
    Unit 123

    $16 /Mo

    Size
    371 SF
    Contact us
    Unit 224

    $14 /Mo

    Size
    375 SF
    Contact us
    Unit LL-20

    $18 /Mo

    Size
    140 SF
    Contact us
    Unit 230

    $16 /Mo

    Size
    174 SF
    Contact us
    Unit LL-55

    $18 /Mo

    Size
    115 SF
    Contact us
    Unit 223

    $14 /Mo

    Size
    375 SF
    Contact us
    Unit LL-23

    $18 /Mo

    Size
    106 SF
    Contact us
    Unit 242

    $16 /Mo

    Size
    183 SF
    Contact us
    Unit 120

    $16 /Mo

    Size
    746 SF
    Contact us
    Unit 106

    $16 /Mo

    Size
    309 SF
    Contact us
    Unit LL-47/48

    $18 /Mo

    Size
    232 SF
    Contact us
    Unit LL-58

    $18 /Mo

    Size
    120 SF
    Contact us
    Unit LL-24

    $18 /Mo

    Size
    169 SF
    Contact us
    Unit LL-16

    $18 /Mo

    Size
    111 SF
    Contact us
    Unit LL-1

    $18 /Mo

    Size
    604 SF
    Contact us
    Unit 134

    $15 /Mo

    Size
    222 SF
    Contact us
    Unit LL-59

    $18 /Mo

    Size
    115 SF
    Contact us
    Unit LL-49

    $18 /Mo

    Size
    115 SF
    Contact us
    Unit 232

    $16 /Mo

    Size
    493 SF
    Contact us
    Unit 241

    $16 /Mo

    Size
    557 SF
    Contact us
    Unit LL-56/57

    $18 /Mo

    Size
    228 SF
    Contact us
    Unit 229

    $16 /Mo

    Size
    758 SF
    Contact us
    Unit 102-3

    $16 /Mo

    Size
    637 SF
    Contact us
    Unit LL-21

    $18 /Mo

    Size
    109 SF
    Contact us
    Unit 246

    $16 /Mo

    Size
    600 SF
    Contact us
    Unit 122

    $16 /Mo

    Size
    373 SF
    Contact us
    Unit 148-149

    $16 /Mo

    Size
    744 SF
    Contact us
    Unit 143

    $16 /Mo

    Size
    786 SF
    Contact us
    Unit LL-50/51

    $18 /Mo

    Size
    231 SF
    Contact us
    Unit 145

    $16 /Mo

    Size
    821 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Theron May
    Theron May

    Listing Agent: Theron May

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 30,000 square foot Class C office building, located at 5875 N Lincoln Ave in Chicago's West Rogers Park neighborhood (zip code 60659, Cook County, IL), offers 47 available suites ranging from 106 to 839 square feet. The property features multiple tenancies, ample on-site parking in a private lot adjacent to the building, and convenient access to public transportation via the #11 bus route. The building provides 5-day janitorial service and HVAC. Storage spaces are also available for tenants. Its location offers easy access to major roadways, including the Edens Expressway (I-94) six minutes east and Lake Shore Drive eleven minutes west. The building is situated near Mather High School and numerous restaurants, including Pizzeria Calzone, Wolfy's, Potbelly, Chipotle, IHOP, Kabab House, KFC, Pride Sushi & Thai, and Chicago Pocha. This one-acre property is approximately 10 miles from the Loop in the up-and-coming West Ridge neighborhood, known for its affordability and diverse community. The building is suitable for various office uses, including executive, medical, creative, and traditional office spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Next Level Construction Construction Company All Suburban Electric Electrical Service Codinex Co (Bike/Boat/Book/etc) Store FIFTY SEVEN CORP Business Management Consultant The Law Office of Timothy ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7035844
    Latitude
    41.9884261

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    FAQs

    What type of property is this?
    Office space - Chicago Office Space: 47 Suites Available
    Where is this office space located?
    The property is located at 5875 Lincoln Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $8-$18 SF/Yr.
    (773) 736-6461 Call to check price and availability
    Request Owner's contact information
    5875 Lincoln Ave Chicago, IL 60659
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    Chicago, IL 60659
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5875 Lincoln Ave Chicago, IL 60659
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Theron May
    Theron May
    Real Estate License ID: 471019986
    (773) 736-6461
    Learn more
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